Blue Whale is a platform built on the blockchain technology to support entrepreneurs and freelancers in the gig economy of the twenty-first century.
The vision of Blue Whale is to take advantage of the blockchain technology to build and develop a platform and system where freelancers, entrepreneurs and small scale businesses can enjoy employment benefits which are only available to government workers and employees of big companies and corporations.
This platform is necessitated by the growing rate of the gig economy which is estimated to grow at a rate of at least 3 percent annually. There are reports which suggest that freelancers will make up about 58% of the workforce in the United States of America by the year 2027 and this is going to cause a dramatic redefinition of work in the twenty-first century.
The gig and sharing economy as we have it today is bedevilled by numerous challenges as the current system does not serve the best interest of freelancers and entrepreneurs the.
Today, freelancers and small business owners depend on the giant tech companies to be able to survive as the only available platforms that match them to jobs. This means that the economy is mainly dominated by these giant technology companies as we have them today such as Uber, AirBnB, Fiverr, Upwork and others.
This dominance of the gig sharing economy by this giant tech companies does not work in the best interest of independent contractors.
Some of the problems which independent contractors and freelancers face with the current system as it is include high commission rates, expensive marketing and advertising costs and the lack of security such as non-existent employment benefits.
This means that there is no better time than now for the vision of Blue Whale.
Employment Benefits
The employment benefits which freelancers and entrepreneurs in the gig economy who subscribe to the Blue Whale platform will enjoy include Pension, Paid Time Off which is only available to paid full time employees and also insurance.
Business Growth
The development of blockchain platforms will help to engender trust in the gig and sharing economy of the future and Blue Whale is building a network which is going to fully deploy the blockchain technology as the network would consist of numerous blockchain nodes.
Several blockchain platforms exist and cannot all realistically be on the Blue Whale Network. The Blue Whale
Network’s cryptocurrency is the Blue Whale eXchange (BWX).
New platforms to the network can issue their own individual coins at a fixed exchange rate to BWX. New platforms are required to meet a 200M Monthly Active Users MAU threshold.
Blue Whale will be receiving technical and ICO support from its partners.
SaaS Tools for All
Blue Whale provides basic tools which enables for the success of freelancers and small business owners. The tools include booking management, advertising, CRM, and analytics tools.
Contribution Bonuses
Through Blue Whale Contribution Activity Manager (CAM), contributors will receive rewards which will be earned from their contributor activities.
Disputes within the system are resolved through the systems arbitration process while the systems verification system helps to build trust.
Through services provided by the Blue Whale Foundation allows freelancers and entrepreneurs on the Blue Whale Ad Network to promote their own services for free.
The platform offers two main contribution payout options which are the immediate payout option and the event-based payout option.
As Marketplace Platforms
As marketplace platforms, Blue Whale allows small business owners to set up local blockchain nodes within its network. It also provides white-label DApps for small businesses. The small businesses can use this for their own communities. With this also, the small businesses can create their own unique contribution-based reward and employment benefits system for freelancers who are on their own sub-networks.
Token
Blue Whale eXchange is a multi-utility token with a total supply of 52,800,000,000. The token transactions for freelancers and their customers follow a common interface and standardized interactions based on interactive reputation scores.
Benefits for the Self Employed Individual
• Reduced Marketing and Operations Cost
Being a decentralized platform, the Blue Whale platform provides a reduced marketing and operations cost alternative for the self employed as against the high marketing and operations cost that is associated with the current centralized platforms which we have.
• Employment Benefits Like Pension and Paid Time Off
The present sharing economy platforms which we have do not provide employment benefits for workers and freelancers. But the Blue Whale platform does. The platform does this through its WORK system which is comprised of Contribution Activity Manager, Decentralized Associated Network, and Reward Bank.
Conclusion
Blue Whale is set to be a huge success as the system provides the best reward for contributors, workers and freelancers.
The platform’s use of the blockchain technology is one that entrepreneurs and freelancers should not fail to take advantage of. To learn more you can check out the links below.
Website – https://www.bluewhale.foundation
Whitepaper – https://www.bluewhale.foundation/assets/Bluewhale_White_Paper_ENG_V.pdf
Telegram – https://t.me/bluewhalefdn
Twitter – https://twitter.com/BlueWhaleFdn
Facebook – https://www.facebook.com/bluewhalefoundation/
Writer – Coltpython